(Last Updated On: 09/01/2018)

Medical card products from major insurance companies in Malaysia are always evolving rapidly, ever-trying to outdo each other to become the best medical insurance in the eyes of consumers . The best in this sense in terms of features and costs; such thing is actually very good for us as policyholders.

best medical card in malaysia

The best part of being an industry practitioner, as a licensed, independent financial adviser, is that we are not tied to any insurance company. Meaning, we are not obligated or limited to only recommend 1 single product which we represent like an insurance agent. Clients literally adore us for being able to source & compare objectively – the best life and health insurance products which suit their needs without being pushy to fulfill sales quote like a tied agent.

1) Comparison table of the Allianz, AIA, Great Eastern, Manulife, Hong Leong Assurance & Prudential Medical Insurance

2) Best medical insurance in Malaysia – is it Allianz medical card?

3) Best medical insurance in Malaysia – is it AIA medical card?

4) Best medical insurance in Malaysia – is it Great Eastern medical card?

5) Best medical insurance in Malaysia – is it Prudential medical card?

6) Best medical insurance in Malaysia – is it Manulife medical card?

7) Best medical insurance in Malaysia – is it Hong Leong medical card?

8) Comparison table of the Allianz, Great Eastern, Hong Leong & Prudential Deductible Medical Insurance

9) Best deductible medical card in Malaysia – which one?

10) Understand basic medical card terminologies and how you can get the best for yourself

11) Review of Smart Medi 2.0 Lonpac standalone medical card

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1) Comparison table of the Allianz, AIA, Great Eastern, Manulife, Hong Leong & Prudential Medical Insurance

best health insurance malaysia

note: flip your mobile device horizontally for best viewing or use at least an iPad mini to view the comparison table
AIAAllianzGreat EasternManulifePrudentialHong Leong
AIAAllianzGreat EasternManulifePrudentialHong Leong
Get QuotesGet QuotesGet QuotesGet QuotesGet QuotesGet Quotes
Product nameA Plus MedMedi Safe InfiniteSmart Medic Xtra 99Manu Medic Link+PruValue MedMedi Shield II
Rider or TermRiderRiderRiderRiderRiderRider
Death & TPD amount (RM)19,000103,00012,00010,00010,00010,000
Cover up to age10091999990100
Room & Board (R&B) rate RM300300300As Charged300300
R&B ICU Days per year120/120150/150180/180No limit150/90150/75
Pre & Post Hospitalization days per year60/12090/9060/9060/9060/9090/90
Co insureNoNoNoNoNoNo
Co pay for R&B upgradeNo20% of eligible benefits, limited to RM 1,000 per disabilityNo10% of eligible benefits, subject to minimum RM 350 but limited to RM 1,500 per disabilityNoNo
Out patient cancer RM900,000 per lifetime, shared w/ outpatient kidney dialysisPer AL & LLPer AL & LL700,000 per lifetime1.5 million per lifetime, shared w/ outpatient kidney dialysisPer AL & LL
Out patient kidney dialysis RM900,000 per lifetime, shared w/ outpatient cancer treatmentPer AL & LLPer AL & LL700,000 per lifetime1.5 million per lifetime, shared w/ outpatient cancer treatmentPer AL & LL
Out patient stroke RMNoNoNo700,000 per lifetimeNoNo
Out patient dengue RM3,000 per eventPer AL & LLNo700,000 per lifetimeNoNo
Out patient alternative treatment RMRM 10,000 Physiotherapy & Acupuncture Treatment (per Year, within 60 days after disability)3,000 per year, subject to 300/day & 1 visit/day within 30 days dischargeNoNoNoOutpatient Physiotherapy Treatment per AL & LL (within 90 days after disability)
Out patient co insureNoNoNoNoNoNo
Annual limit (AL) RM1.5 million1.2 million1.6 millionNo limitNo limit1.0 million
Life time limit (LL) RMNo limitNo limitNo limit1.65 millionNo limit, but total claim amount exceeding Med Value Point of RM 1 million will be subject to 20% co-insuranceNo limit
No claim bonus5% increase in Initial AL every 2 years for 20 years and remain level thereafter, if total claim amount < RM 5k during the immediate preceding 2 years; 20% increase in Initial R&B every 2 years for 10 years and remain level thereafter, if no claim during the immediate preceding 2 years10% increase in Initial R&B every 3 years of no claim, up to 150% of Initial R&B10% increase in Initial AL every 3 years of no claimNo2% increase in the initial Med Value Point every 2 years, if no claim, up to Med Value point being exceeded10% increase in Initial AL every 5 years of no claim, up to 50% of Initial AL
Coverage extend toSingapore, BruneiSingapore, Brunein.a.n.a.n.a.n.a.
Annual premium (RM)3,9203,0003,4003,6005,1003,804
What feature you want to compare???????????????????

*Less popular health insurance products from AmMetLife, AXA-Affin, Zurich, MCIS and Tokio Marine are omitted from comparison.

**The annual premium was generated based on a 35 years old Male, non-smoker

2) Best medical insurance in Malaysia - is it Allianz medical card?

Allianz medical card commentary

  • Reimburses the charges incurred for alternative treatments such as Chiropractic, Chiropody, Homeopathy, Osteopathy and Acupuncture up to one (1) visit per day, within thirty (30) days from the hospital
    discharge date.
  • The best thing about Allianz medical card (Medisafe Infinite Xtra) is that it extends coverage treatment in Singapore, following Reasonable & Customary Charges in Singapore. (MediSafe Infinite covers treatment in Singapore but following Reasonable & Customary Charges equivalent to local treatment in Malaysia.) Also, with Medisafe Infinite Xtra, there is no co-payment if you are hospitalised at a Room & Board which is higher than your eligible benefit. You only bear the difference in the upgraded room & board charges.
  • Another best thing about Allianz medical card is that it specifically states, in the quotation, to include consultation, examination tests and take home drugs for outpatient treatments.
  • It also has the highest combination of pre & post hospitalization coverage.
  • The co-payment clause is an disadvantage but we feel this is no big deal as it is capped at maximum RM 1,000.
  • Given that the premium is the lowest among other medical card riders, this is the best value for money.
  • There is a lower plan known as MediEssential (with annual limit which is a divider factor of 10 and a hard lifetime limit).



3) Best medical insurance in Malaysia - is it AIA medical card?

AIA medical card commentary

  • The medical insurance base plan A-Plus Med has been enhanced with A-Plus Med Booster
  • It provides coverage for Alternative treatments, specifically Physiotherapy and Acupuncture Treatment (per Policy Year and within 60 days after hospitalization)
  • There is also provision for Organ/Bone Marrow transplant (receiver's coverage only) - as charged, subject to Reasonable and Customary Charges up to Overall Annual Limit.
  • Singapore & Brunei are not considered as overseas medical insurance coverage (which is good!)
  • It also provides Emergency Medical Evacuation and Repatriation up to USD 1 mil (do not mistakenly think this is international health insurance coverage)
  • The one thing which we don’t like is the shared limit for outpatient kidney dialysis and cancer treatment and the limit is furthermore capped per lifetime. This is despite it having the 2nd highest annual limit among all medical cards compared.
  • We also don’t like it only has 120 days of Hospital confinement days in a year, the lowest compared to other medical cards.



4) Best medical insurance in Malaysia - is it Great Eastern medical card?

Great Eastern medical card commentary

    • The base plan SmartMedic Xtra has been enhanced with SmartMedic Xtra 99 and Smart Extender 99
    • The base version of SmartMedic still has co-insurance & co-insurance clauses and coverage age is limited to age 80 if not added with Smart Extender 99.
    • It has the highest number of hospital confinement days - 180
    • Overall, we opined that it's an average medical card which ranks in the middle among its peers.


5) Best medical insurance in Malaysia - is it Manulife medical card?

Manulife medical card commentary

    • The base product, Manumedic, with limited annual limit has been enhanced with Manumedic+.
    • Technically, Manulife Room & Board rate is in a class of its own because after R&B 250, the next Room & Board rate is titled “As Charged”.
    • What it means by this is that if you are in “As Charged” R&B rate, you are entitled for the amount for reimbursement is limited up to 2 basic categories of Single-bedded Room available in the hospital.
    • This mean it is inflation-proof to a certain extent because you are guaranteed a single room no matter what in the future.
    • The good: No limit on the number of annual confinement days and high annual limit of RM 1.6 million, plus having outpatient stroke coverage which none other medical card in comparison has this benefit.
    • The bad: The outpatient treatments are capped at RM 700k for each per lifetime. There is a (albeit) reasonably high lifetime limit of RM 1.65 million.


6) Best medical insurance in Malaysia - is it Prudential medical card?

Prudential medical card commentary

    • Prudential medical card does not use the the term annual limit or lifetime limit. Instead, it replaces them with this - Med Value Point.
    • Med Value Point is defined as - if th total claims that exceed the stipulated Med Value Point amount, the Prudential will still be liable to pay 80% of the total cost of the eligible benefit while policyholder bear the remaining 20%.
    • Prudential also has another 2 older medical card range - PruHealth and PruFlexi Medi, on top of PruMedicOverseas providing coverage in Singapore, Hong Kong and China.
    • The good: Has the capability to customize the hospital room & board rate and Med Value Point (1, 1.5 or 2 million). It also has has an optional co-insurance like feature, called Med Saver, which policyholder needs to pay RM 300 co-insurance for every medical admission. For objective comparison, we remove this co-insurance feature. Finally, the no co-payment clause is always welcomed.
    • The bad: Evidently, the price, especially with Med Saver feature removed! Comparing Med Value point with annual limit, it is on par depending on your choice. However, comparing Med Value Point with lifetime limit, it loses out slightly because other medical cards have no lifetime limit while PruValueMed only covers 80% of the eligible benefit exceeding Med Value Point.


7) Best medical insurance in Malaysia - is it Hong Leong medical card?

Hong Leong Assurance commentary

    • Hong Leong Assurance has a separate number of days for ICU coverage (75 vs 150 days), the lowest among those compared.
    • If this is not a deal breaker, then you'll be glad to know it does not have co-insurance or co-payment due to room & board upgrade
    • It also does not have a separate limit for outpatient cancer treatment and kidney dialysis, which is good
    • With the addition of the Million Extra II rider, its annual limit becomes 10x to 1 million, with no lifetime limit
    • A well-balanced medical card product overall, we opined it is a contender to Great Eastern Smart Medic Xtra 99


8) Comparison table of the Allianz, Great Eastern, Hong Leong Assurance & Prudential Deductible Medical Insurance

note: flip your mobile device horizontally for best viewing or use at least an iPad mini to view the comparison table
Allianz#PrudentialHong LeongGreat Eastern
Allianz#PrudentialHong LeongGreat Eastern
Get QuotesGet QuotesGet QuotesGet Quotes
Product nameMedi AidePruValue Med DeductibleMedi Shield II DeductibleSmart Extender Max
Rider or StandaloneRiderRiderRiderRider
Death & TPD amount (RM)43,00010,00010,00033,000
Cover up to age81 (max)80 (90 & 100 option available)100 (fixed)80 (99 option available)
Room & Board (R&B) rate RM300300300300
R&B ICU Days50 days per confinement90 days per year150/75180 days per year
Pre & Post Hospitalization days per year31/6060/9090/9060/180
Deductible amount RM30,000 (lower level of deductible include 2,000, 5,000, 10,000 and 15,000). Non-conversion or auto-conversion to 0 deductible at age 55 can be chosen independently.20,000 (lowest deductible level, other levels are 50k, 75k & 100k)20,000 (lowest deductible level for auto conversion to 0 deductible at age 60). If the next lowest deductible level (5,000) is chosen, then you lose the option to auto convert to 0 deductible at age 60. The other deductible level is 75,000150,000 (fixed, deductible levels follow Room & Board rate, cannot be chosen freely)
Co payment for R&B upgradeNot applicable before age 55; 20% of eligible benefits, capped at RM 1k after age 55Not applicable because no option for auto conversion to 0 deductible. Not applicable before or after age 60, regardless auto conversion is chosen.Not applicable because no option for auto conversion to 0 deductible.
Out patient cancer treatment RMPer AL & LL1.5 million per lifetime, shared w/ outpatient kidney dialysisPer AL & LLPer AL & LL
Out patient kidney dialysis RMPer AL & LL1.5 million per lifetime, shared w/ outpatient cancer treatmentPer AL & LLPer AL & LL
Out patient stroke RM20,000 per yearNoNoNo
Out patient dengue treatment RMNoNoNoNo
Out patient alternative treatment RM20,000 per year !NoOutpatient Physiotherapy Treatment per AL & LL (within 90 days after disability)No
Out patient co insuranceNoNoNoNo
Annual limit (AL) RM150,000No limit1.0 million1.5 million
Lifetime limit (LL) RM1.5 millionNo limit, but total claim amount exceeding Med Value Point of RM 1 million will be subject to 20% co-insuranceNo limitNo limit
No claim bonusn.a.2% increase in the initial Med Value Point every 2 years, if no claim, up to Med Value point being exceeded10% increase in Initial AL every 5 years of no claim, up to 50% of Initial ALNo
Coverage extend toSingapore, Brunein.a.n.a.n.a.
Annual premium (RM)1,2001,2002,7861,200
What feature you want to compare?????????????

*Less popular deductible health insurance products from AmMetLife are omitted from comparison.

9) Best deductible medical card in Malaysia - which one?

Best deductible medical card in Malaysia - which one is it?

Not having a full medical card after retirement could potentially be deadlier than the silent killer – inflation, when it actually hits. I’ve talked to individuals in their fifties who admitted to me they overlooked of getting their own medical card when they were in employment. Then, just before the mandatory retirement, it struck them – nobody is going to cover his post retirement medical bills.

If you are reading this, then I don’t want this to happen to you. Yet, I know what you are thinking – you probably don’t want to get a redundant medical card while you are covered by your company.

If this is your concern, then Second Medical Card aka Deductible aka Top Up medical card is the best for you. See below

When you are employed before age 55:
It could well be a good complement to your company-provided group medical card.
For example, if your company medical card coverage is RM 30k/year, you could get a RM 30k deductible medical card, with minimum premium (RM 1,200). Which means, only RM 30k and above medical expenses will be covered by this second card. (by the way, the deductible amount is configurable from RM 2k up to RM 30k)

When you retire after age 55:
Allianz deductible medical card is clearly the best medical card range here because it is auto-convertible to a full medical card at retirement age – 55. This feature beats out all others without retirement conversion options.

What it means, when you reach age 55, this health insurance will convert to become a zero deductible card – which means any medical expenses can be charged under this card – at the time when your company medical insurance coverage ceases. This happens without needing you to prove your health condition at age 55. Besides, it also has:

  • Reasonable co-payment clause capped at RM 1,000
  • Coverage for outpatient stroke treatment and outpatient physiotherapy treatment
  • Coverage extends to Singapore & Brunei (reimbursement basis).

Cheap? Yes. Peace of mind when you retire? Absolutely.

Hong Leong Assurance is the second contender to the best deductible medical cards in Malaysia, but it is twice as expensive although it comes with 1 million annual limit and no lifetime limit.

It resolves one of the main issue with Allianz Mediaide - by extending age until 100 (vs Allianz 81).

It comes with these conditions though, with only 3 deductible levels (5k, 20k and 75k):

You need to choose RM 20,000 deductible level or higher (RM 75,000) for auto conversion to zero deductible at age 60.

If the lowest deductible level (RM 5,000) is chosen, then you lose the option to auto convert to zero deductible at age 60.

10) Understand basic medical card terminologies and why you must get the best health insurance for yourself

health insurance mm2hThe intricacies of the best medical insurance is not to be underestimated if you plan to retire in Malaysia for long term. Since health insurance, just like any other insurance, is essentially an unilateral contract, knowing the terms and conditions of your medical coverage is absolutely critical.


To prevent the hassle of dispute with the insurer on what it is not covered or reimbursable when you thought they are covered.

Otherwise, nasty situation like this may happen.

The other health insurance features you definitely want to take note on are:

  • Daily Room & Board rate – determines the type of hospital room you can choose to stay in without topping up the difference. It is very normal to go for a minimum RM 200 R&B nowadays, which could be a twin-sharing room. If you want basic single room or above, a R&B of RM 300 and above is recommended. Upgrading R&B rate higher than what you  are entitled for in your health insurance policy may trigger a certain co-payment clause in the insurance contract. This render you needing to share a certain percentage of the total medical bill with the insurer, aside from paying the difference in room & board rate.
  • Lifetime Limit (if any) – specifies the limited sum of medical expenses which can be exhausted throughout the duration of health insurance coverage.
  • Annual Limit (if any) – specifies the limited sum of medical expenses which can be exhausted within any 1 policy year as long as the health insurance is in-force.
  • As charged – covers hospitalization expenses which are deemed medically necessary, and as per reasonable and customary charges according to the schedule set by MMA (Malaysian Medical Association). If a medical procedure was being overcharged by hospital, then you need to top up the difference of amount for which the insurer doesn’t cover.
  • Last entry age – the last age where you can buy a medical insurance policy. Normally it could be at 60, 65 or 70.

Also, do you  agree that medical costs will carry one or more of the characteristics below:

  • Most unexpected
  • Most unavoidable
  • Possibly long term & recurring
  • Most impactful to retirement nest egg

How impactful, you asked?

For minor condition like cataract or appendicitis, the cost of such treatments may hardly dent your retirement nest egg. But what if major conditions like below hit you?

medical costs in malaysia


Medical costs have escalated around the world and this is no different in Malaysia. Medical inflation averages about 10% each year and is projected to rise due to advancement in medical technology.

11) Review of Smart Medi 2.0 Lonpac standalone medical card


lonpac teh hong piowYou may not have heard of Lonpac Insurance but it is a wholly owned subsidiary of LPI Capital, a public listed company in KLSE since 1993.  It was registered as an approved insurer on 9 April 1963 under the Malaysian Insurance Act, 1963.

LPI Capital, as the associate company with common directors as Public Bank,  is helmed by the one and only Tan Sri Dr Teh Hong Piow as its Chairman.

By the way, I don't think I need to stress the importance of having a medical card even if you are employed and your employer provides for you. Look at cost of medical procedures here. 

A) Medical card that provides annual health screen tests

Most people want to fake an unnecessary 1 day hospital admission just to undergo health screening tests at hospitals. Truly, it is not recommended to do so because minor 'claims' like this will raise red flags in the eyes of your insurer when you need to upgrade your medical card benefits in the future. Not to mention it is unethical to do so - doctors who are doing this included.  Therefore, anyone who have done this before or are thinking of doing this, you don't have too because Smart Medi 2.0 gives you a complimentary comprehensive health screening test.

52 best medical card screening


We like the concept of prevention advocated by this medical card, especially when it also includes cancer marker tests.

52 best medical card cancer marker


B) A Medical card with built in cash allowance for private hospital

It is customary for a medical card to pay a daily allowance for confinement in government hospital. Cash allowance for confinement in private hospital is an add-on feature which costs extra premium costs. See what I mean below - a standard clause in any medical cards in Malaysia.medical card cash allowance

Smart Medi 2.0, on the other hand, provides RM 500 per day for hospitalization even in private hospitals; starting for 3rd days onwards.

best medical card hospital cash income

C) A Medical card with unlimited days a year, even in ICU

We don't hope this will ever happen, but if it does, you'll have no concern in this area. Here's how most medical cards benefits are structured when it comes to number of days in normal room & ICU.

medical card room ICU limit


This is how Smart Medi 2.0 benefit is structured.

best medical card unlimited days room

best medical card unlimited days ICU


D) A Medical card with high annual limit & no lifetime limit

No lifetime limit is nothing to shout about really since the past 2 years; AIA medical card products have been having this feature aeons ago.

The annual limit is the one that matters because it 'resets' every policy year.

Selected few medical card in the market now have NO annual limit while some already going into the path of offering High annual limit which almost corresponds to their lifetime limit, if any.

Therefore, an annual limit of RM 650,000 is above average.

best medical card no annual limit

best medical card annual limit

E) A Medical card with most, if not all hospitals

Check if any of the private hospitals are near your place of residence.

best medical card panel hospital


F) A Medical card with affordable annual premium

Standalone medical card is for those who are tight on budget.

However, bear in mind that this is a standalone or term medical card, whereby the annual premium is set to increase every 5 years age band, unlike medical rider. 

Watch below for the difference between a medical card rider and a term medical card, or read it here -

What You Should Know When Buying Standalone Medical Card Vs. a Rider and Make the Right Decision


About the Author

Lieu CFCF Lieu is an independent financial adviser (IFA) with CFP qualification and licensed by the Securities Commission of Malaysia to conduct regulated financial planning activities and charge a professional fee for it.

Click Here to access a Public Register of License Holders, then search under Representatives – “Lieu Ching Foo”

CF Lieu is also listed under Featured CFP Professionals in his professional association website – FPAM (Financial Planning Association of Malaysia). Only advisers with the highest calibre and credibility are displayed under this list.

Alternatively, you can connect with him via his LinkedIn profile HERE

Your say?

    130 replies to "Great! 6 Best Medical Cards in Malaysia 2018: complete comparison"

    • Jessie

      Hi. Very interested in the lonpac smart medi 2.0 medical card. Please email me. Thanks

    • cany

      I’m looking for a medi card for my hubby. He is aged 39, non-smoker, obesity. No any medi card previously.
      Any plans recommended? And also premium too.

      • CF Lieu

        Cany, have already emailed you.

        • Tira

          Hi i’m looking for the best medical card for my boyfriend and i. He is 24, a smoker, no medical coverage by the company he works for, and a rider. I am 22, a student, non smoker, no medical coverage, and i drive too. Our budget is around <=100. May i know which one is the best one ?

    • Jaya

      Hi looking for medical card policy for my hubby 50years, me 43 and my 2 kids 14 and 9years. Kids with Education benefits, medical card which covers outpatient fee too.

      • CF Lieu

        Jaya, have already emailed you.

    • Noni

      Hello ChingFoo,

      My husband is applying for MM2H and expected that the result will be out soon. I am therefore looking for the most appropriate health insurance for my family of four (my husband and I are above 55 years old, and we have two teenagers). Our situation and criteria of selection for coverage are somewhat similar to Imrana. I am interested in getting your advice, please. Grateful if you could send it to my private email.

      Btw, we are still covered under company health insurance (a Swiss insurance company), but the coverage will end in a couple of weeks. Would transferring the coverage to another health insurance be beneficial? If so, how?

      As we travel overseas frequently, do you think it would be better to consider an international health coverage? Or a local one is sufficient?

      Thank you in advance for your time and reply.

      • CF Lieu

        Noni, just sent you a direct email. Please check. Thanks

    • Lavina

      whoah this weblog is great i like reading your articles.
      Stay uup the great work! You understand, lots of individuals are searching round for this information, you could aid
      them greatly.

      • CF Lieu

        Thank you for your kinds words Lavina.

    • Sharely

      Hi CF,

      If I want to buy a medical card for my son who only 22 months with additional education fund together, Is there any recommendation insurance company provided this kind of insurance? Any suggestion from you? Thank you very much for your advice in advance.


      • ChingFoo Lieu

        Sharely, every insurance company provides this type of plan. The question is – which one is the best for you, fitting your requirements and budget?

        • Sharely

          CF, thanks for your replies. I got solutions for this. One more question, if I plan to buy another 500k life insurance under my husband name, but he refuse to buy it as he already have a medical card with 100k life link, disability care 100k, critical care 100k,accident shield 100k,disability cash 10k, medbooster plan 150 and waiver extra. Do you suggest me to buy that 500k life insurance if he is not around anymore? That 100k enough for future use? FYI – we have 1 kid currently and AL is 1,000,000 with unlimited LL. Thanks for your reply.

          • ChingFoo Lieu

            Do you need 500k to settle debts under your husband name if he dies? I think you are confusing yourself with the purpose of life insurance and medical insurance.

            • Sharely

              Don’t need actually. Yeah, I have a little bit confusing about both insurance, are you might to brief clearly?

            • CF Lieu

              Hi Sharely, please proceed to http://askcf.com/compare-quotes/ thanks

    • Imrana

      Hello Mr. Lieu,

      I am a foreigner and recently obtained MM2H, hence will be living in Malaysia now. This means I need a health insurance and prefer a standalone (not rider nor deductible). Would you have a comparative table as shown above on riders but for standalones ? I am 50 years old and need to apply for an insurance for myself, wife and daughter. At 55 a rider is not so interesting anymore as premiums are quite high already.
      I have looked into several insurance plans from different companies, and realize each have different pros & cons.
      In the end, I have a selected Standalone and non deductible Lonpac Medisecure Centurial Plan 8, but I would like to see if you would have a better suggestion please.

      – Type : STANDALONE
      – Cover up to age : 90 or higher
      – Daily room & board rate RM : 300 or higher
      – Daily cash allowance in private or public hospitals RM : 200
      – Death & TPD amount (RM) : 20,000 or higher.
      – Lifetime limit : None
      – Annual limit per disability : None preferably
      – Annual limit RM : 200,000 or higher
      – Free annual health screen tests : Is a plus.
      – Renewal terms : Guaranteed renewal unconditional
      – Max R&B/ICU intensive care unit Days per year or Days per disability : None preferably (as charged but within annual limit is fine)
      – Intensive care / Ambulance Fee / Surgeon fees / Anesthetists fees : As charged
      – Pre & Post Hospitalization days per year : 60/60 or higher
      – Co insurance : No
      – Co payment for room & board : No or less possible
      – Outpatient cancer treatment & Outpatient kidney dialysis : As charged but within annual limit is fine, separate package for these welcome.
      – Outpatient stroke RM : Seems quite uncommon so open to suggestions
      – Outpatient dengue treatment RM : As charged but within annual limit.
      – Outpatient alternative treatment RM : As charged but within annual limit.
      – Outpatient co insurance Home Nursing Care
      – No claim in the year (discount) : 10% or more every 3 years sounds good -OR- 15% cash back on premium is even better.
      – Cashless : Yes
      – Coverage extend to : WORLDWIDE for 90 days in case of accident or sudden serious illness and based reasonable & customary prices
      – WATING PERIOD : Immediate if accident, else 1 month (excluding specified illness = 4 months)
      – DENTAL & EYES covered : Yes in case of accident
      – FUNERAL EXPENSES RM : 3,000 or higher
      – Discounts for family (spouse, children) RM : -200 spouse or higher & -50 per child or higher
      – ANNUAL PREMIUM (RM) FOR 1 HEAD next birthday 51 years old Male RM : 2,078 or less
      – Annual premium FAMILY (DAD 51 MOM 52 + 1 CHILD 12 YEARS) RM : 4,947 or less
      Projection 20 years :
      – Standalone Annual premium FAMILY (based on current price list & excluding inflation) : DAD 61, MOM 62, CHILD 22 RM : 8,570 or less
      – Annual premium FAMILY PARENTS ONLY AT 71 & 72 YEARS OLD RM (based on current price list & excluding inflation) : 13,048 or less

      Let me know if you have something more interesting so I can proceed with official request.

      Also I was wondering if it is compulsory to apply via an agent or if one can apply directly and get a cheaper rate, since agents represents a cost of 15% on the premium just to fill in a few papers.
      Perhaps however a good agent serves you well afterwards when you get sick (?). Please advise.

      Finally I have been benefitting from a corporate life insurance with AIG for the past 15 years (abroad). Does it serve me in any way to be able to show a certificate at this point, now that I have left the company and the coverage has ceased ?


      • ChingFoo Lieu

        Hi Imrana, you just broke the record for the longest comment in this post. So congratulations! 🙂

        Anyway, when it comes to insurance, the reason the premium is cheap must be due to certain reasons. This is actuarial science, so we can’t really beat actuarists. When you think you get a better end of the deal, think again and you will realize you miss something.

        In your case, the annual limit of 200k is way too low compared to current market standard.
        A decent medical insurance would have anything close 1 mil annual limit.

        Secondly, standalone medical card is cheap…at the start. It’s premium rate increases every 5 years age band. I look at Plan 8 of the plan you mentioned, and do you realize you’d have paid a total of RM 144k until age 80?

        At your age, Male 51 years old, a typical rider type medical card would costs 4,500 to 5,000 per year. Let’s just take a median number – 4,800. Yes, it is 2.5x higher than a standalone medical card now but remember the premium for a rider medical card, if designed properly, will stay flat throughout the next 30 years.

        Basic maths = 4800 x 30 years = 144k. This worked out about the same total premium paid compared to standalone.

        That’s the power of actuarial science. See what I mean?

        The question now is, when you are at age 76, will it feel painful to pay 4800/year or 8,548/year? The answer is obvious.

        The only time a standalone medical card make sense and worth it is that when you are

      • Young, lack of budget but will upgrade when your income improves (not applicable to you)
      • You only expect to live for a short number of years before kicking the bucket
      • You expect to be in Malaysia for a short number of years before moving back to your home country or another country
  • Imrana

    Hi ChingFoo,
    Sorry for my previous loooong message 🙂
    And thanks for your detailed reply.
    Now here are a few facts based on pure maths / financials …
    I agree a rider is not “wasted” money in the sense that part of it remains available to the susbcriber (to be cashed out or used for premiums payment), and also the premium amount remains the same in time and is not/less subject to inflation or insurer premiums revision every 5 years or so.
    However my budget is 5 to 6,000 RM and if I count a family budget (myself 51 + wife 52 and daughter 12) I could simply NOT find a decent rider on the market for less then 12K per year. Standalone lonpac walk-in (no agent) premium cost for all 3 is 5,295.
    So here are the maths …
    1) 12K x 30 years = 360K.
    2) Standalone using age range premium table x 30 years = 325K. Adding 10% inflation/revision (probably conservative) means 356K.
    In the meantime I am able to save and put aside 5 to 7K per year.
    My standalone premium will only reach the 12K rider premium level in approx 18 years.
    400 R&B per day is decent and my concern is indeed the annual limit as 260K in 9 years might not be enough.
    So bottom line … if you do have a rider for family ages 51/52/12 at 5 to 7K max please let me know. I need to subscribe immediately for my MM2H.

    • ChingFoo Lieu

      Imrana, please check a private message sent to your gmail, in reply to your requests. Thanks

  • Kumar al suparmany

    Tolonng ck insuran untok i bulan berapa 8.1.1981

  • Ainie

    when we get retired, most of the company will not cover the medical card for us anymore. From there on, which medical card is the best suit for retiree?

    • ChingFoo Lieu

      Well Ainie, the best suited medical card for retiree is the one which fits your budget. Start with an allocated budget and then source for the best ones which fits into your budget here >

    • http://askcf.com/compare-quotes/
  • May Thong

    Hi Ching Foo,

    I am looking for cheaper and good coverage for my family.
    My husband (aged 40) have been paying Prudential for the following :-

    Plan 1 Prulink
    RM 333 monthly covers RM 150,000 Life and RM 150,000 36 illness. RM100,000 accident.
    Room is RM 200,
    RM 75,000 annual medical
    RM 750,000 lifetime limit up to 75 yeas

    Plan 2 Prulink Million
    RM 690 monthly covers Rm500,000 life, RM500,000 36 illness

    Plan 3 Prulink One
    RM 292 covers life RM400,000

    Is there any other products that offers lower premium but higher coverage similar to the current 3 plans??